Real Estate Investing in Tabor City, North Carolina (28463)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28463 (Tabor City, NC)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 22.5% of homes vacant — above national norms.
- Lower household income: $32,345 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Tabor City, NC (28463)?
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Market Analysis: 28463 Tabor City
Investors eyeing 28463 need to respect the fundamentals at play. Home values of $185K come alongside slower price movement and elevated management overhead.
The 28463 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader NC picture, 28463 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 28463 ZIP's population of 7,023 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
The 28463 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Tabor City:
Market Trends
Home Value History (with trend line)
📊 How Does 28463 Compare?
| Metric | 28463 | Tabor City | North Carolina |
|---|---|---|---|
| Home Value | $185,175 | $185,175 | $330,565 |
| 5-Year CAGR | 3.5% | 3.5% | 7.8% |
| Avg Rent | $837 | $837 | - |
| Cap Rate | 3.5% | 3.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28463 (Tabor City, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $185,175 |
| Monthly Rent | $837 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | -1.4% ▼ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 28463
Population: 7,023
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 28463
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Is real estate in Tabor City, NC a good investment right now?
Tabor City, NC rates 3.0/5 for investability. With median values at $185K and rents near $837/mo, the market offers reasonable fundamentals for rental investors.
How much do tenants pay in Tabor City, NC?
Expect rents around $837/mo per month in Tabor City, NC. With home values at $185K, the yield math works out to reasonable levels for rental investors.
Is housing expensive in Tabor City, NC?
Tabor City, NC home values average about $185K. That price point suits investors targeting rentals with $837/mo in monthly income.
How landlord-friendly is Tabor City, NC?
Landlord-friendliness in Tabor City, NC is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Do landlords face vacancy issues in Tabor City, NC?
Expect elevated vacancy in Tabor City, NC. Rents at $837/mo are absorbed by the tenant base without meaningful lag.
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